Freetech Successfully Completed Ningbo Municipal Road Maintenance Project In Zhejiang Province

Freetech Road Recycling Technology (Holdings) Limited, a leading and fast-growing service provider in the asphalt pavement maintenance ("APM") industry using "Hot-in-Place" recycling technology, recently announced that it had been the second time for the Group to take Ningbo municipal road maintenance order and successfully complete the project.

Ningbo City is a sub provincial city in Zhejiang Province of the People's Republic of China, the hub of the Yangtze River Delta Region and the economic centre of Zhejiang Province. In addition, the largest domestic cargo throughput, Ningbo-Zhoushan Port is also located in Ningbo City. Jiangnan Road, where the road maintenance services were provided, is the main east-west road of Ningbo City. The maintenance area had intersections with six north-south roads and high traffic volume of heavy vehicles went to the port. Also, the road foundation is made from the soft soils which allow the cracks damage easily emerges on the asphalt surface. Under these conditions, the owner more focused on the quality and the speed of the road maintenance.

By using the patented Hot-in-Place recycling technology and equipment, the Group only took half of the duration as scheduled in the contract and successfully cured the cracks damage. A qualified independent third party testing institution has issued a report stating that the test indexes of this project after the road maintenance services have satisfied the national regulatory requirements. Meanwhile, the Group technology has increased the shear resistance of the road by two to three times which can postpone the emergence of the damage in the future.

Besides, this was the second time for the Group to obtain the road maintenance contract, following the successful completion of Ningbo municipal road maintenance work in August, 2012.